China to lift non-residential natural gas prices

The government will increase the price of natural gas for non-residential use on July 10, China's top economic planner announced Friday.

The average price of non-residential natural gas will rise from 1.69 yuan (0.27 US dollars) to 1.95 yuan per cubic meter, according to the National Development and Reform Commission (NDRC).

The commission said the change was made in accordance with market mechanisms and reflects the true supply and demand situation.